Cryptocurrency exchange Bitstamp, today announced the launch of new lending services in new European markets, Hong Kong and the United Arab Emirates. Bitstamp has partnered with Finnish lending company Tesseract to offer a white-label platform.
Borrowers on the Tesseract platform must provide 100% collateral for stablecoin loans. The partner uses a different legal entity to separate customer loans and assets from Tesseract’s other partners.
The product is only available in certain European countries, including France, Ireland, Italy and Spain, as well as Hong Kong and the United Arab Emirates.